Sorry every answer deems another question. Sorry about that but bear with me.Do I clear out these assets at fair market value this year (final year of business)...
But I do have assets in that class but they are now going to be used as personal use since the business is closing effective Dec 31, 2023. I have checked the bo...
Im not asking for business advice, I just asking if I choose No to "No assets in this class" and the CCA is reduced to zero, the system generates a terminal los...
If I select no assets in this class, the turbo tax system then generates a terminal loss. But is that correct when we are keeping the assets for personal use?
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